Bank Nifty continue face resistance at 18250,EOD Analysis

Sunday, January 1 Leave a Comment

  • As discussed in Last Analysis  Fresh shorts should be taken below 17800 only for a move towards 17640/17440. As seen in below chart Unable to close above 18250 we can see fall towards 16980/16500. Bank Nifty made low of 17606 and staged a good recovery but in this rise also was not able to close above 18254 as High made was 18246. Now Bank Nifty needs to close above 18250 for a move towards 18524/18739. Bearish below 18000 for a move towards  17800/17600/17420.  Traders New Year's Resolutions for 2017

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